SEC considers supplementary reporting under IFRS, 2016 | KPMG | GLOBAL

SEC may consider supplementary reporting under IFRS in 2016

SEC considers supplementary reporting under IFRS, 2016

Almost six years after the U.S. Securities and Exchange Commission (SEC) last made a formal statement about achieving a single set of high-quality, global accounting standards, the SEC announced it will consider a staff recommendation about how to further incorporate IFRS into the U.S. financial reporting system. This may lead to a proposed rule in the first half of 2016.


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Read a December 2015 report prepared by KPMG LLP:  Defining Issues: SEC May Consider Supplementary Reporting under IFRS in 2016

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